New Ford Mondeo to be launched in January

New Ford Mondeo is all set to be launched in India in January 2010. This luxury sedan is in process to revamp in the company's Chennai facility. The outgoing version of Ford Mondeo was not as successful as it was sold 5 to 10 units since its launch in 2001. The old Ford Mondeo had a price tag of Rs 16.30 l lakh but the new version will see a minor change. Ford India, Vice president (sales and marketing), Vinay Piparsania, said that the new model is already there in India for upgradation.

Ford India all set to ramp up its Chennai unit

Ford India MD and president Michael Boneham told that the fully-owned subsidiary of the US auto major Ford Motors, Ford India Motors will be one of the major production hubs for the parent company’s operations in the Asia-African region.

Ford India is all set to invest $500 million to ramp up its Chennai plant’s production capacity to 2-lakh vehicles by 2010.

The US-based Ford Motors, which has not taken any financial rescue from the US government like its peers GM and Chrysler, is developing China, Thailand and South Africa, as the other major manufacturing hub